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Vast concludes 50.1% acquisition of second Romanian mine

By: Natasha Odendaal     Updated 11 minutes ago Aim-listed resource and development company Vast Resources has secured a controlling interest in Romania-based Sinarom Mining for €1 and the assumption of the Manaila polymetallic mine owner’s debt. The 50.1% acquisition of control of the Manaila mine further cemented Vast’s plan of becoming a... 

Coal India to relinquish 75% of coal blocks in Mozambique

By: Ajoy K Das     Updated 2 hours 52 minutes ago Major Coal India Limited (CIL) has decided to relinquish 75% of the acreage of two of its licensed coal blocks in the Tete province in Mozambique. According to a CIL official the decision to hand over the bulk of the area was prompted by the local government increasing the charges of holding on... 

NSW proposes change to mining project assessment policy

By: Esmarie Swanepoel     Updated 2 hours 56 minutes ago The New South Wales government on Tuesday released a proposed amendment to the Mining State Environmental Planning Policy (SEPP), which Planning Minister Rob Stokes said would remove a provision making the significance of the resource the principal consideration when determining mining... 

NSW proposes change to mining project assessment policy

Aurelia unveils Hera expansion plan, but warns of impairment

By: Esmarie Swanepoel     Updated 3 hours ago Despite warning of a full-year impairment of between A$60-million and A$90-million, gold miner Aurelia Metals on Tuesday announced plans to expand production at its Hera gold/lead/zinc mine, in New South Wales. The Hera project poured its first gold in September last year, but the project was... 

Iron-ore to boost Australia economy by A$600bn in next decade – report

By: Esmarie Swanepoel     Updated 3 hours ago New research commissioned by the Minerals Council of Australia (MCA) has revealed that despite the severe fall in iron-ore prices, the Australian iron-ore sector is expected to contribute more than A$600-billion to the economy over the next decade. In the new report, titled ‘Iron Ore; The Bigger... 

Reed finalises Metals X deal

By: Esmarie Swanepoel     Updated 3 hours ago ASX-listed Neometals on Tuesday announced that its 70%-held subsidiary Reed Industrial Minerals had completed a deal with fellow-listed Metals X over the Mt Marion lithium project, in Western Australia. In January this year, the two companies signed a memorandum of understanding that would see... 

Saracen beats production expectations

By: Esmarie Swanepoel     Updated 3 hours ago Gold miner Saracen Mineral Holdings on Tuesday reported that gold production for the year ended June exceeded expectations, following record production in the month of June. Gold production during the full year reached 167 531 oz of gold, compared with a previously announced guidance of 160 000... 

Pilbara makes a play for Tabba Tabba

By: Esmarie Swanepoel     Updated 3 hours ago Strategic minerals company Pilbara Minerals has announced plans to acquire full ownership of the Tabba Tabba tantalum project, in Western Australia. Pilbara currently holds a 50% interest in a joint venture with Valdrew Nominees, trading as Nagrom & Co, over the Tabba Tabba project. 

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